Did Altucher fail as a trader?
- Thread starter Gueco
- Start date
Quote from Ghost of Cutten:
Lol, owned! Now if only Rodney King turned out to be the real Rodney King
Anyway - some people are just more suited to trading. Running a normal business requires great organisational and management/motivational skills. Traders tend to be more either cerebral types (investors, options traders, quants, macro traders) or game-playing types (day-traders, market-makers) - neither type is noted for being a great business executive or people motivator. I can barely answer my post and pay my bills on time, there's no way I could organise and run a company employing lots of people (except by BSing someone else to do it). But I can certainly spend all day looking at markets, reading about them, planning what to do etc.
Entrepreneurs rarely make great traders and vice versa, just like marathon runners don't usually make great NBA players or wrestlers and vice versa. So, if you're a natural entrepreneur, do that. If you're a natural trader, do that. Play to your strengths.
With the analytical abilities you manifest in your posts, you could probably be anything you set your mind to.
Awe crap! now you tell me.:eek:
Quote from Ghost of Cutten:
Lol, owned! Now if only Rodney King turned out to be the real Rodney King
Anyway - some people are just more suited to trading. Running a normal business requires great organisational and management/motivational skills. Traders tend to be more either cerebral types (investors, options traders, quants, macro traders) or game-playing types (day-traders, market-makers) - neither type is noted for being a great business executive or people motivator. I can barely answer my post and pay my bills on time, there's no way I could organise and run a company employing lots of people (except by BSing someone else to do it). But I can certainly spend all day looking at markets, reading about them, planning what to do etc.
Entrepreneurs rarely make great traders and vice versa, just like marathon runners don't usually make great NBA players or wrestlers and vice versa. So, if you're a natural entrepreneur, do that. If you're a natural trader, do that. Play to your strengths.
Do you think Soros or Cohen sit by themselves ? Ask James what goes on in Stevie's lair. Ask about room temperature, nonringing phones, equity teams/divisions etc... Organziational skills, lmao, sounds like a piker would say.
There are many people who can play multiple sports.
That was a horrible post.
With respect (since I look forward to what you will say):
None of the methods the article lists are used by the author and the article implies that he seems to have experience in all methods that have ever been invented or ever will be invented for the author to BOLD THE ONLY PEOPLE. (Presumably their actually are some aliens among us!)
So I must be missing something. I made money this week and I don't need any of those methods on the list - hmmm. maybe I should re-check my numbers.
Many methods work. One that did for well over a decade was recently published in a book. I suspect that that particular one may not work as well as it did with an efficient market trying to work against well-known methods. Successful traders don't often write books - no need to I suspect. When is Steve Cohen's - "5 legal trading methods that really work" book (or comicbook) coming out?
Think of the problem much like a jungle out there with competing species being born, finding a niche or going extinct. No one species can dominate or the world itself eventually dies. The jungle adapts to the species just as the species adapt to their environment. Diversity is healthy, imbalance (too few, too dominant) is not. Perhaps all winners eventually lose and all losers create new life somewhere else.
When I first started out, I KNEW a whole lot more about than I do now. As I get older I KNOW less and less because the field is so enormous. The amount of my knowledge grows constantly but my personal humility grows much faster as I realize how little anyone KNOWS about THE GAME.